Palm Grove Cemetery - Liberia National Tourism Authority
Tourism
Information
Company Description
The Liberia National Tourism Authority (LNTA), created by the 2025 Liberia National Tourism Act, is the principal government agency tasked with promoting, regulating, and developing Liberia's tourism sector. It aims to boost the economy, generate foreign currency, create jobs, and protect natural/cultural heritage.
Countries of Operation
Liberia
Ownership of Company: Local company
Number of years since incorporated
1 year
Project Pitch
Palm Grove Cemetary: We will transform Providence Island, the historic landing site of Liberia's first freed African American settlers, into a world-class memorial and cultural hub. This $11.5 million project will honor our nation's founding story with an iconic ship-shaped monument pavilion, creating a powerful symbol of freedom and a premier destination for heritage tourism. Business Model: Our model ensures financial self-sustainability through diverse revenue streams. The monument will house a cultural and business center, a restaurant, and an amphitheater for events. With a projected 750,000 visitors by year ten, we forecast a 14.5% ROI and a 10-year net income of $25 million. This model leverages heritage tourism to drive economic growth while preserving our national identity. Operations: The Liberia National Tourism Authority will manage the site, ensuring a high-quality visitor experience and creating 75-85 direct jobs. Operations will focus on educational programming, cultural events, and meticulous maintenance of the monument and grounds. This will establish Providence Island as a beacon of national pride and a cornerstone of Liberia's tourism economy.
Team
Information not provided
Type of Project
Governmental/Institutional project
Stage
Concept stage
Annual Revenue (in EUR)
500.000 – 1.000.000 EUR
Number of employees
1-10
Total Project Cost (in EUR)
6,000,000 EUR
Financing needs (in EUR)
6,000,000 EUR
Type of financing needed
Equity; Grant
The Company is looking for:
Financing; Joint Venture/Partnership; Technology Solution/Equipment; Suppliers for products/services
Planned allocation of fundraising capital
Greenfield (new activity for the company); PPP (Public-Private Partnership)